Vero is committed to excellence. Vero is New Zealand’s only World-Class general ins

We are a leading designer, manufacturer and marketer of a range of innovative healthc

Historic PACER Plus agreement finally concluded

Trade Minister Todd McClay says the successful conclusion of PACER Plus negotiations is a landmark day for trade and the sustainable economic development of the Pacific.

"PACER Plus is a unique trade and development agreement. It includes a development package of more than $55 million that will help raise standards of living, create employment opportunities and increase export capacity in Pacific Island countries,” Mr McClay says.

The agreement which was reached in Brisbane today by Pacific Island, New Zealand and Australian Trade Ministers includes tariff phase out periods which recognise the vulnerable nature of many Pacific economies and the strong relationship they share with Australia and New Zealand.

"This is a significant achievement. After 8 years of negotiations, we can now focus on implementing an agreement which future-proofs our access whilst helping develop their export economies," Mr McClay says.

“The agreement will also create a common set of trading rules covering goods, services and investment in support of economic growth. These rules will help reduce tariffs and red tape for exporters and investors, which will increase the attractiveness of the region for trade and investment,” Mr McClay says.